Brusels: The EU has fined Infineon, Philips and Samsung 138 million euros (181 million dollars) for forming a smartcard chip cartel in Europe, the European Commission said Wednesday.
The German, Dutch and South Korean companies "colluded through bilateral contacts that took place in the period between September 2003 and September 2005," the commission said in a statement, adding Japan`s Renesas was granted immunity for revealing the existence of the cartel.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
